A man deposited at a bank and withdraws Rs. 26,880 after 10 years at the rate of 6% S.I. Find the principal amount.

Explanation:

Amount due = P$\left(1+\frac{RT}{100}\right)$

⇒ P = $\frac{Amountdue}{\left(1+\frac{RT}{100}\right)}$

⇒ P = $\frac{26880}{\left(1+{\displaystyle \frac{10\times 6}{100}}\right)}$ = 16,800

Hence, option (d).

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